Berwin Leighton Paisner (BLP) have advised the management of Exactpro Systems on a management buyout. The transaction saw BLP’s clients buy the company back from the London Stock Exchange, to which they had previously sold the business.

Exactpro is a specialist firm with operations in the UK, US and Russia, focused on functional and non-functional testing of securities data distribution, trading systems, risk management, market surveillance and post-trade infrastructures. Their services are offered to exchanges, investment banks, brokers, technology firms and other financial sector organisations worldwide.

Commenting Ian Ivory said “BLP’s multi-office team did an excellent job advising our client on this challenging deal covering several legal disciplines. Exactpro are making significant strides in developing data analysis and artificial intelligence which is already having a dramatic effect across all the major industries.”

The team was led by BLP’s Asia Head of Corporate Ian Ivory, senior lawyer Dimitri Antipin in Moscow and London Commercial & Technology partner Marcus Pearl. They were supported by Ragima Rashkueva in Moscow, Edward Stewart in Hong Kong and Alastair Zucker in London. Mark Brailsford advised on tax matters, Mark Kaye on Employment and Derek Hrydziuszko on banking and finance.